VIXDoji day (should close above body of hammer for confirmation). Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 17.10).

GOLDSpinning top day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1721.30). Tested and held SMA(21). New low on daily 3LB (reversal is 1759.30). Still above monthly 3LB mid. Must have the precious.

EURUSDBearish long day (confirmed bearish harami). Midpoint below EMA(10). Tested and held SMA(21,55). Tested and failed its 50.0% minor retrace (1.3137). New low on daily 3LB changes (reversal is 1.3290).

AAPLBullish long day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 0.0% retrace (503.83). New high on daily 3LB (reversal is 493.17).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

25
comments:

Anonymous
said...

Silent State: The Campaign Against Whistleblowers

By Peter Van Buren, AntiWar.com

10 February 12

n January 23rd, the Obama administration charged former CIA officer John Kiriakou under the Espionage Act for disclosing classified information to journalists about the waterboarding of al-Qaeda suspects. His is just the latest prosecution in an unprecedented assault on government whistleblowers and leakers of every sort.

Kiriakou's plight will clearly be but one more battle in a broader war to ensure that government actions and sunshine policies don't go together. By now, there can be little doubt that government retaliation against whistleblowers is not an isolated event, nor even an agency-by-agency practice. The number of cases in play suggests an organized strategy to deprive Americans of knowledge of the more disreputable things that their government does. How it plays out in court and elsewhere will significantly affect our democracy.

Punish the Whistleblowers

The Obama administration has already charged more people - six - under the Espionage Act for alleged mishandling of classified information than all past presidencies combined. (Prior to Obama, there were only three such cases in American history.)

Kiriakou, in particular, is accused of giving information about the CIA's torture programs to reporters two years ago. Like the other five whistleblowers, he has been charged under the draconian World War I-era Espionage Act.

That Act has a sordid history, having once been used against the government's political opponents. Targets included labor leaders and radicals like Eugene V. Debs, Bill Haywood, Philip Randolph, Victor Berger, John Reed, Max Eastman, and Emma Goldman. Debs, a union leader and socialist candidate for the presidency, was, in fact, sentenced to 10 years in jail for a speech attacking the Espionage Act itself. The Nixon administration infamously (and unsuccessfully) invoked the Act to bar the New York Times from continuing to publish the classified Pentagon Papers.

Yet, extreme as use of the Espionage Act against government insiders and whistleblowers may be, it's only one part of the Obama administration's attempt to sideline, if not always put away, those it wants to silence. Increasingly, federal agencies or departments intent on punishing a whistleblower are also resorting to extra-legal means. They are, for instance, manipulating personnel rules that cannot be easily challenged and do not require the production of evidence. And sometimes, they are moving beyond traditional notions of "punishment" and simply seeking to destroy the lives of those who dissent.

The well-reported case of Thomas Drake is an example. As an employee, Drake revealed to the press that the National Security Agency (NSA) spent $1.2 billion on a contract for a data collection program called Trailblazer when the work could have been done in-house for $3 million. The NSA's response? Drake's home was raided at gunpoint and the agency forced him out of his job..."http://www.readersupportednews.org/opinion2/287-124/9905-silent-state-the-campaign-against-whistleblowers

(hey ~ some peeps had a massive enough intellect to think 'YES WE CAN' in 2008)...

He never really got to me (except raising my BS indicators)...

That said... 4me there's nobody on my radar now 'cept for Ron Paul... (which is why I 'wrote him in' in '08)...

Which, I guess, is why people think I'm a 'self destructive' type (& never get invited to parties in Nashville or Memphis where all the ladies, mysteriously, have billowing tits, plush lips, and indiscernible wrinkles)...

Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to its U.S., British and Israeli counterparts.

Some researchers are pointing out that Iran is one of only three countries left in the world whose central bank is not under Rothschild control. Before 9-11 there were reportedly seven: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran. By 2003, however, Afghanistan and Iraq were swallowed up by the Rothschild octopus, and by 2011 Sudan and Libya were also gone. In Libya, a Rothschild bank was established in Benghazi while the country was still at war....

Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers

~~~~~~~~

Nice to know PAID journalists plagiarize my work... All I can hope for is that they get paid in FRN's instead of gold...

But no... What is this crap I'm talking about?

When we all know that any THINKING member of society would come to the conclusion that there's a "good chance" that Israel is going to put the whuppin stick on Iran...

& when they do... the outcome will be that the Iranians just lay down & say... "MY BAD ~ SORRY... WE WERE WRONG ALL ALONG... WE REALLY DO WANT TO SELL OUR OIL TO THE WEST & WE WOULD BE MORE THAN HAPPY TO TAKE BERNANKE BUCKS FOR IT INSTEAD OF SELL IT TO CHINA & INDIA FOR GOLD... PRINT UP A COUPLE OF MORE TENS OF TRILLIONS OF THAT PAPER WHILE YOU'RE AT IT SO SOON TO BE RETIRED DOCTORS IN TENNESSEE CAN HAVE ENJOYABLE COCKTAIL PARTIES WITH THE LADIES WHOSE LIPS THEY JUST FATTENED"...

The REAL reason Israel might have a good chance to put the whuppin stick on Iran is to teach their own bretheren in Teheran a lesson...

Some researchers are pointing out that Iran is one of only three countries left in the world whose central bank is not under Rothschild control. Before 9-11 there were reportedly seven: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran. By 2003, however, Afghanistan and Iraq were swallowed up by the Rothschild octopus, and by 2011 Sudan and Libya were also gone. In Libya, a Rothschild bank was established in Benghazi while the country was still at war....

~~~~

Gee whiz... Didn't 'ben' say something about the NOVEL I wrote this past weekend that specifically identified Hussein & Khadaffi as being the two most recent "Let's NOT take dollars for our oil &/or start a gold backed 'dinar' CB for Africa (the only continent on earth which is not in debt to the Rothschilds)?

I must have been dreaming... (as self destructive persons are known to do)...

Also... for clarification... It's been gnawing on me for the past few days that while I was talking about the shareholders of the FED (& the 'families')... I was really kind of remiss to say anything aboit the BIS...

But really (when you're talking about shareholders), it's all the same thing... I simply ommitted a 'layer' (which, for all practical means, doesn't even really exist)...

I am going to give you the best advice you've received lately. Whenever I ran into someone like you in practice, I'd generally refer them to a clinical psychologist. Manic/depressive illness and narcissistic personality disorder are hard to overcome, but these folks generally only charge 80/100 bucks an hour, and you could buy 4-5 hours of insight and maybe turn your life around.

For the sane folks here this might be of interest:

http://www.johnmauldin.com/outsidethebox/face-the-music/

"What a perfect example of the difference your frame of reference can make.

Yes, Friedman even said Fisher was the greatest American economist, and I think that is correct. Fisher had a broader understanding of the economy in a very, very critical way and in a way that I don't think either Friedman or John Maynard Keynes understood it, and even a lot of contemporary economists, such as Ben Bernanke. Keynes and Friedman both felt that The Great Depression was due to an insufficiency of aggregate demand and so the way you contained a Great Depression was by your response to the insufficiency of aggregate demand. For Keynes, that was by having the federal government borrow more money and spend it when the private sector wouldn't. And for Friedman, that was for the Federal Reserve to do more to stimulate the money supply so that the private sector would lend more money. Fisher, on the other hand, is saying something entirely different. He's saying that the insufficiency of aggregate demand is a symptom of excessive indebtedness and what you have to do to contain a major debt depression event — such as the aftermath of 1873, the aftermath of 1929, the aftermath of 2008 — is you have to prevent it ahead of time. You have to prevent the buildup of debt.

And that your goose is cooked if you don't you cut off the credit bubble before it overwhelms the economy?

Yes, and Bernanke is thinking that the solution is in the response to the insufficiency of aggregate demand. That was Friedman's thought. That was Keynes' thought and most of the economics profession has traditionally thought the same way. They were looking at it through the wrong lens. Fisher advocated 100% money because he wanted the lending and depository functions of the banks separated so we couldn't have another event like the 1920s."

* In response to the latest sanctions imposed by the EU against Iran's energy and banking sectors, the Islamic Republic has cut oil exports to six European countries * Iran on Wednesday cut oil exports to six European countries including Netherlands, Spain Italy, France, Greece and Portugal.

Still positive that China does not want Iran's crude? Oh, and congrats on just buying yourself record high gasoline prices Europe.

How long will their economies hold up when the spike in gas price hits home?

"The point is that it doesn't really matter whether you're using the Federal Reserve's monetary tools to get the private sector to leverage up or whether you're engaged in deficit spending at the federal level to try to address the insufficiency of demand. Both tacks take you in the wrong direction. Now, what we're beginning to understand — at least with regard to governments, because we have known this is true for the private sector for a long time — is that there comes a point in time at which additional debt is no longer available. That's where a lot of countries in Europe are. And that is probably where we're going in a number of years. We're not there now, but that's where we're headed. We spent $3.6 trillion last year at the federal level. We borrowed around 35% of that and we had tax revenues to cover around 65%. Some of the European governments are trying to borrow more than that ratio, and it's being denied to them. Reinhart and Rogoff call that the "bang point." When that happens, your spending levels then have to fall back to your tax revenues."

But I don't think you can do that because your debt is 350% of GDP. If you get an inflationary process going, interest rates will rise proportionately with inflation. So, if inflation goes up 1%, in time, interest rates will go up 1%. But your debt is 350% of GDP. If the inflation rate goes up, you will not get an equivalent rise in GDP, because what we've learned is that in inflationary circumstances, a lot of folks can't keep up. In fact, most of your modest and moderate income households will not keep up.

Not good, considering that "the 99%" are already restive with reason.

That's correct. We saw this in a microcosm in 2011. The Fed engaged in quantitative easing; they got the inflation rate up temporarily, but the main effect was to reduce real income. So, if you try the inflationary route, you're not going to be able to inflate your way out of debt trouble. This other variable, your interest expense, is going to rise proportionately with inflation, and your GDP won't keep up. Many will lag behind and that will worsen the income or wealth divide. So inflation is really not a potential savior in the current situation. Which then forces you back to the conclusion that the only viable way out is austerity, although no one wants it.

Post a Comment

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind.The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind.The authors may or may not trade in the markets discussed.The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.

Fictional Character Quote of the Day:

I guess it comes down to a simple choice. Get busy living or get busy dying.

- Andy Dufresne

"The Shawshank Redemption"

About this Blog

This Blog's primary focus is on trading based upon technical analysis. It is run by "AmenRa" and "AndyT," quasi-anonymous traders who employ technical analysis to assess market conditions and trading opportunities. AmenRa utilizes 3LB techniques, Moving Averages and Fibonacci sequences. AndyT's analysis relies primarily on "Wave Theory" and Fibonacci sequences. The Comments Section is uncensored and open to the public. Please try and adhere to the "Blogger Policy."